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The Escrow DAPP

Our Vault Dapp allows both the Buyers and Sellers to create contracts for deals in less than a minute. Vault-X offers the best possible transactional experience so that buyers get the service or product that they paid for and sellers are guaranteed payment for the works they have done without worrying about getting scammed/cheated.
How it works:
  1. 1.
    Buyer and Seller agree to terms: A contract is created by the buyer or the seller. The other party agrees to contract terms, and as such a contract is created between the two parties.
  2. 2.
    Buyer submits payment to Vault-X Escrow: Buyer funds multi-sig wallet and payment details will be available for the other party as assurance.
  3. 3.
    The seller delivers goods or services to the buyer: Seller delivers goods or services to the buyer and notifies the buyer of the transaction taking place.
  4. 4.
    Buyer approves the delivered goods or services: Buyer approves the goods or services that he received from the seller.
  5. 5.
    The fund is released to the seller: Vault-X Escrow releases payment to the seller and then the contract will be completed, after which the two parties can submit feedback about each other.
  6. 6.
    If at any point there may be a disagreement between the buyer and the seller, the process moves along to dispute. Our dispute protocol will be used to decide whom we want to send the fund to.